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NZ Government Closes In On PPP Adviser

Jan 29, 2012 2:43 pm EDT

By Gillian Tan and Enda Curran

The New Zealand government expect to appoint a financial adviser within the next month to assist with the sounding process of whether a public-private partnership (PPP) for the rebuild of the Christchurch hospital is viable.

The hospital was among the buildings affected by the 7.0 quake struck the South Island city on Sep. 4, 2010, causing 25 billion New Zealand dollars (US$20.6 billion) worth of damage.